Book contents
- Frontmatter
- Contents
- List of tables
- List of figures
- List of maps
- List of boxes
- Foreword
- Introduction: What is economic history?
- 1 The making of Europe
- 2 Europe from obscurity to economic recovery
- 3 Population, economic growth and resource constraints
- 4 The nature and extent of economic growth in the pre-industrial epoch
- 5 Institutions and growth
- 6 Knowledge, technology transfer and convergence
- 7 Money, credit and banking
- 8 Trade, tariffs and growth Karl Gunnar Persson and Paul Sharp
- 9 International monetary regimes in history by Karl Gunnar Persson and Paul Sharp
- 10 The era of political economy: from the minimal state to the Welfare State in the twentieth century
- 11 Inequality among and within nations: past, present, future
- 12 Globalization and its challenge to Europe
- Glossary by Karl Gunnar Persson and Marc P. B. Klemp
- Index
2 - Europe from obscurity to economic recovery
- Frontmatter
- Contents
- List of tables
- List of figures
- List of maps
- List of boxes
- Foreword
- Introduction: What is economic history?
- 1 The making of Europe
- 2 Europe from obscurity to economic recovery
- 3 Population, economic growth and resource constraints
- 4 The nature and extent of economic growth in the pre-industrial epoch
- 5 Institutions and growth
- 6 Knowledge, technology transfer and convergence
- 7 Money, credit and banking
- 8 Trade, tariffs and growth Karl Gunnar Persson and Paul Sharp
- 9 International monetary regimes in history by Karl Gunnar Persson and Paul Sharp
- 10 The era of political economy: from the minimal state to the Welfare State in the twentieth century
- 11 Inequality among and within nations: past, present, future
- 12 Globalization and its challenge to Europe
- Glossary by Karl Gunnar Persson and Marc P. B. Klemp
- Index
Summary
Light in the Dark Ages
The Dark Ages in Europe, the centuries after the decline of the Roman Empire, were not as dark as we used to think, although they did not possess the political, cultural and economic grandeur of the Roman Empire. Nor did Europe match Muslim civilization in terms of wealth and technical ingenuity. Products and technologies for the manufacture of sugar, paper, cotton and fine fabrics, chemicals for dying and glassmaking, would be imported during subsequent centuries. However, modern historians are now rewriting the history of the sixth to ninth centuries, and the prevailing pessimistic view is giving way to a more nuanced view of what happened after the decline of the Roman Empire. Settlements were abandoned and cities lost population and skills; roads deteriorated because of lack of proper maintenance; political maps were redrawn and social order was difficult to maintain; money was scarce and uniform coinage was lacking; income fell for ordinary people as well as the rich. Income declined because traditional trade links had been disrupted and because the social disorder and declining population could not support the infrastructure of public institutions and roads, markets and fairs, or the division of labour and specialization of the previous centuries. Income per head did not attain the peak level reached in the Roman period until the twelfth or thirteenth century in the most advanced parts of Europe.
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- Chapter
- Information
- An Economic History of EuropeKnowledge, Institutions and Growth, 600 to the Present, pp. 21 - 41Publisher: Cambridge University PressPrint publication year: 2010